Corporacion Inmobiliaria Vesta (NYSE:VTMX) Insider Sells $34,800.00 in Stock

Key Points

• Insider selling: Guillermo Del Castillo Cacho sold 10,000 VTMX shares for $34,800, reducing his direct holding by 66.67% to 5,000 shares. He has made several additional sales since May.
• Stock and financial performance: VTMX recently traded at $33.92, near its 50- and 200-day averages, with a $2.87 billion market capitalization. The company reported $1.09 in quarterly EPS on $78.5 million in revenue.
• Dividend and analyst outlook: Vesta paid a quarterly dividend of $0.1999 per share, equivalent to a 2.4% annualized yield. Analysts’ consensus rating is Hold, with a target price of $42.00.

Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR (NYSE:VTMX - Get Free Report) insider Castillo Cacho Guillermo Del sold 10,000 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $3.48, for a total transaction of $34,800.00. Following the completion of the transaction, the insider directly owned 5,000 shares of the company's stock, valued at $17,400. The trade was a 66.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Castillo Cacho Guillermo Del also recently made the following trade(s):

• On Tuesday, August 4th, Castillo Cacho Guillermo Del sold 2,413 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.44, for a total transaction of $8,300.72.
• On Thursday, July 30th, Castillo Cacho Guillermo Del sold 1,675 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.41, for a total transaction of $5,711.75.
• On Friday, June 26th, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The stock was sold at an average price of $3.37, for a total transaction of $11,458.00.
• On Tuesday, June 23rd, Castillo Cacho Guillermo Del sold 3,400 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.37, for a total transaction of $11,458.00.
• On Friday, May 22nd, Castillo Cacho Guillermo Del sold 8,500 shares of Corporacion Inmobiliaria Vesta stock. The shares were sold at an average price of $3.41, for a total transaction of $28,985.00.

Corporacion Inmobiliaria Vesta Trading Up 0.2%

NYSE VTMX traded up $0.07 during mid-day trading on Friday, reaching $33.92. 13,198 shares of the stock were exchanged, compared to its average volume of 86,675. The stock has a market capitalization of $2.87 billion, a PE ratio of 7.40, a PEG ratio of 3.68 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.26 and a current ratio of 4.26. Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR has a 1-year low of $25.59 and a 1-year high of $37.41. The business's fifty day simple moving average is $34.13 and its 200 day simple moving average is $34.12.

Corporacion Inmobiliaria Vesta (NYSE:VTMX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.09 earnings per share for the quarter. The company had revenue of $78.50 million during the quarter. Corporacion Inmobiliaria Vesta had a return on equity of 14.20% and a net margin of 132.22%. On average, research analysts anticipate that Corporacion Inmobiliaria Vesta, S.A.B. de C.V. Sponsored ADR will post 2.82 earnings per share for the current fiscal year.

Corporacion Inmobiliaria Vesta Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a dividend of $0.1999 per share. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. Corporacion Inmobiliaria Vesta's payout ratio is currently 14.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VTMX shares. Wall Street Zen downgraded Corporacion Inmobiliaria Vesta from a "buy" rating to a "hold" rating in a report on Saturday, June 20th. UBS Group lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, June 18th. Zacks Research cut shares of Corporacion Inmobiliaria Vesta from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Weiss Ratings restated a "hold (c)" rating on shares of Corporacion Inmobiliaria Vesta in a research note on Friday, May 22nd. Finally, Barclays lifted their price objective on shares of Corporacion Inmobiliaria Vesta from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $42.00.

Institutional Trading of Corporacion Inmobiliaria Vesta

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Corporacion Inmobiliaria Vesta by 38.1% in the second quarter. BNP Paribas Financial Markets now owns 37,116 shares of the company's stock valued at $1,017,000 after buying an additional 10,236 shares in the last quarter. ABC Arbitrage SA grew its holdings in shares of Corporacion Inmobiliaria Vesta by 148.8% in the 4th quarter. ABC Arbitrage SA now owns 144,358 shares of the company's stock worth $4,401,000 after acquiring an additional 86,328 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Corporacion Inmobiliaria Vesta by 6.6% in the 2nd quarter. Lazard Asset Management LLC now owns 321,442 shares of the company's stock worth $8,803,000 after acquiring an additional 19,967 shares during the last quarter. 6.61% of the stock is currently owned by institutional investors.

Corporacion Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, trading as VTMX on the New York Stock Exchange, is a Mexico-based real estate investment trust (REIT) specializing in the development, acquisition and management of industrial properties. The company's portfolio primarily consists of warehouses, distribution centers and manufacturing facilities tailored to multinational corporations, logistics operators and other businesses seeking modern, well-connected industrial space in Mexico.

Vesta's core business activities include the design and construction of build-to-suit projects, the leasing of speculative and multi-tenant properties, and sale-leaseback transactions that convert existing facilities into long-term lease arrangements.

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